Convert Cape Verdean Escudo to Russian Ruble
Please provide values below to convert Cape Verdean Escudo [CVE] to Russian Ruble [RUB], or Convert Russian Ruble to Cape Verdean Escudo.
How to Convert Cape Verdean Escudo to Russian Ruble
1 CVE = 1.19866369767276 RUB
Example: convert 15 CVE to RUB:
15 CVE = 15 × 1.19866369767276 RUB = 17.9799554650914 RUB
Cape Verdean Escudo to Russian Ruble Conversion Table
| Cape Verdean Escudo | Russian Ruble |
|---|
Cape Verdean Escudo
The Cape Verdean Escudo (CVE) is the official currency of Cape Verde, used for all monetary transactions within the country.
History/Origin
Introduced in 1914, the Escudo replaced the Cape Verdean real and has undergone various reforms, with the current version established in 1992 to stabilize the economy and modernize the currency system.
Current Use
The CVE is actively used as the legal tender in Cape Verde, with banknotes and coins circulating nationwide, and it is pegged to the Euro at a fixed rate for stability.
Russian Ruble
The Russian Ruble (RUB) is the official currency of Russia, used for everyday transactions and financial exchanges within the country.
History/Origin
The Ruble has been the currency of Russia for centuries, with origins dating back to the 13th century. It has undergone various reforms and redenominations, most notably after the Soviet Union's dissolution in 1991, establishing the modern RUB as the national currency.
Current Use
Today, the Russian Ruble is widely used throughout Russia for all forms of payment, including cash, electronic transfers, and banking transactions. It is also traded on international currency markets.